Geopolitical tensions, particularly the ongoing conflict in Ukraine, threaten supply stability from major producers like Russia, resulting in a bullish outlook for crude oil.
China's expected near-record crude imports suggest a rebound in oil demand, potentially offsetting global concerns about weak consumption, supporting crude prices.
The upcoming EIA crude oil inventory data is anticipated to show a modest increase in stocks, which could signal softer demand and shift market perspectives.
Should the inventory data indicate significant stock increases, it might suggest weakened global demand, leading to a more bearish outlook for crude prices in the medium term.
Collection
[
|
...
]